Today's Telegraph had a very interesting article (http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/12/05/do0503.xml#comments) from Professor Philip Booth, the editorial and programme director at the Institute of Economic Affairs.
Before reading it you should understand that, in the good Professor's own words: "I did joke to somebody this morning that the headline should have read: "Rapid, unexpected deflation will harm a lot of people" but then not many people would have read the article."
It's a shame the sub-editors did not consult the author or read the article - it might have prevented a lot of readers from getting so hot under the collar (though that might make their posting less interesting).
Finally, I'd like to thank the Professor for his kind comments in response to my postings, when he said: "I like all the Austrian stuff on your blog." I have to confess that I'd never thought of my postings as being Austrian (I take it he is referring to a particular school of economic thought and not my Tyrolean window boxes) but I will now take time to read up on the subject.
Friday, 5 December 2008
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I tried to email you but could not find an address that worked. I wondered if you had come across our IEA book, "Catholic social teaching and the market economy." I would send you a copy but we have nearly sold out (literally a very few left)! Second edition is in course of preparation. Anyway, it can be downloaded with audio and video file from: http://www.iea.org.uk/record.jsp?type=book&ID=410
Philip
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